Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Volunteers of America Inc reported income of $1.2m and spending of $837k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $729k to $1.2m (+63%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 90%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteers of America Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Narconon Suncoast Inc ($1.2m), Baptist Health Care Foundation of Montgomery ($1.2m) and Washington County Life Saving Crew Incorporated ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 53% of the total. Other salaries and wages came to $157k. At year end it held assets of $4.6m against liabilities of $676k, net assets of $3.9m.